Just like BTC, ETH also bounced off all time 61% fib ratio which is golden fib ratio. ETH is showing clear 3 wave corrective down move in ABC which is a zigzag pattern as per Elliot wave theory.
If it is infact wave 2 then we have started wave 3 from the bottom C. Generally wave 3 are very powerful and it should breach all the resistance. Next resistance is now at 906 leval and another at 1000.
I am expecting it to breach and move high but again it will move in wave patterns. If its wave 3 my target is near 2300.
GOOD LUCK TO ALL.
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NOTE: I am not a financial advisor and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.